We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are … the sense that it induces lower inflation and employment than expected. Increased transparency makes the bank's reputation …

I develop a model in which sovereign debtors repay debt in order to maintain a reputation for repayment. Repayment …

' positions in a prestige ordering. Specifically, using a precisely constructed matched sample, we estimate the effect of a …

We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that … overall quality matters for reputation, does the quality of an individual's most important exposure have an extra effect on …

Friedman (1962) argued that a free market in which schools compete based upon their reputation would lead to an …: school reputation in the spirit of Holmstrom (1982). The first result is that if schools cannot select students based upon …

which firms slant their reports toward the prior beliefs of their customers in order to build a reputation for quality. Bias …